📍How to Identify and Use the Head and Shoulders Pattern
The head and shoulders pattern is characterized by key features to look out for on trading charts. It typically occurs after a bullish uptrend when buying pressure begins to fade. The pattern includes a left shoulder, a higher middle peak, and a right shoulder approximately at the same level as the left...
Introducing series topics of trading systems we gonna do on Tradingview and hope readers can learn something from our educational content. Three main systems are the followings:
1)Pattern recognition
2)Trending following
3)Counter trend
Start with pattern recognition, and we will mainly cover two main categories of price patterns: Major Reversal patterns and...
Head and Shoulders Pattern Tutorial -
Head & Shoulders chart pattern is a price reversal pattern that helps traders identify when a reversal may be underway; this reversal signals the end of an uptrend.
The formation of a H&S pattern resembles a baseline or neckline with three peaks where the middle peak is the highest between the two right and left peaks.
Head...